Latest Scandinavian Financing News

Finnfund invests in Proximity Finance to help reach more smallholder farmers in Myanmar

Proximity Finance, Myanmar’s first farmer-focused finance institution, signs a 14 million US dollar equity package with Finnfund, Nordic Microfinance Initiative (NMI) and Proparco. Proximity Finance was launched in 2010 as the microfinance arm of Proximity Designs, one of the largest agricultural services platforms in Myanmar, that provides farm technology, agronomy advice and financial services to…

Sweden participated in Asian Development Bank’s first virtual conference

Swedish Ambassador to the Philippines,H.E. Harald Fries, was the designated representative of Sweden in the first stage of the Asian Development Bank (ADB)’s 53rd Annual Meeting of the Board of Governors on 22 May 2020. In its first-ever virtual Annual Meeting held amid the COVID-19 pandemic, the Board of Governors recently approved ADB’s financial statements…

Travelers Might See More Cryptocurrencies in Asia

In the past, East Asia has had a somewhat muddled reputation with regard to cryptocurrency. Many around the world remember things like China’s early reluctance to the spread of bitcoin and assume that the broader region is averse to cryptocurrency development. In some cases and at certain times, that assumption has been more or less…

New Cybersecurity Challenges for FinTech Industry

For some time, fintech startups have been growing at a staggering rate. They are not only improving the products and services of the existing financial services but are also offering an alternative to conventional financial solutions. However, despite this rapid growth rate with which the fintech solutions have transformed the global market, there are still…

Singapore and Denmark teams up to promote sustainable infrastructure in Asia

In late February, an agreement between the Singaporean firm Infrastructure Asia and the Danish credit facility Danida Sustainable Infrastructure Finance was signed. The agreement aims ‘to boost the financing of sustainable infrastructure’, according to a statement by the Danish Embassy in Singapore. “Singapore is a natural partner for Denmark to promote sustainable infrastructure in Asia…

Copenhagen FinTech aims at more continuous presence in Singapore

The largest ever Fintech delegation from Denmark visited Singapore FinTech Festival (SFF) in November, comprising a total of 30 companies and 60+ people, exhibiting in the dedicated Danish booth area. At SFF, the world’s largest Fintech event, Denmark’s Ambassador Dorte Bech Vizard cut the ribbon, assisted by Copenhagen Fintech Association’s CEO Thomas Krogh Jensen. Copenhagen…

Swedish hub Findec partners up in Singapore, eyes Asean

During the recent Singapore Fintech Festival (SFF) Sweden’s Stockholm-based hub for Fintech companies, Findec, signed a partnership, MoU, with Singapore Fintech Association (SFA). “The purpose with this collaboration is to open up a bridge between Singapore and Sweden so that we can work better; share information, technology and companies; and ensure a better business flow…

Cambodian government reserved $3billion in case EU withdraws EBA agreement

The Cambodian government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. “The government did not spend all of the revenue collected from taxes. The state has enough savings to deal with any possible crisis in the future.” Mr. Hav…

Nordic Innovation House Singapore reception celebrated partnership success

As the week-long Nordic activities was drawing to a close in Singapore–probably the most important week of year for the Nordics in Singapore–during Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH), a Nordic Innovation House reception took place at the Swedish Ambassador HE Mr Niclas Kvarnström’s Residence. All the participants in…

SFF x SWITCH: Nordic start-up pitches, Singapore Fintech Association partnership

As Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH) came together for the first time in 2019 the Nordic countries were present in full force, including this year also five start-ups from Iceland. Ambassador of Iceland to Singapore, Ms. Sigríður Á. Snævarr, were in attendance and also hosted a welcome reception…